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German Regulators Move Closer
To Approving HEW's Veag Buy

By

Andreas Mihm Handelsblatt

Updated April 11, 2001 12:01 a.m. ET

BERLIN -- German electrical-power giant Hamburgische Electricitaets-Werke AG is one step closer to its planned takeover of eastern Germany's dominant power company Vereinigte Energiewerke AG, or Veag, and its fuel supplier Lausitzer Braunkohle AG, or Laubag.

The German government and the eastern states have no further objections to the sale of the two utilities to HEW, according to people close to administrators at Germany's...